Can I apply for a home loan before my latest tax return is lodged?
Often you can apply using your last lodged returns, with recent BAS, bank statements or management accounts showing current trading. Whether a lender accepts those, and how old the last return can be, varies by lender. If recent figures are much lower than the last return, the lender may rely on the lower figures.
This answer is awaiting review by James Chee CPA. Written by Local Knowledge Finance editorial team. Check the dated sources below and talk to a broker about your own situation.
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What lenders will want to see
- Clients of registered tax agents can have later lodgment due dates than people who lodge themselves, so a gap between year end and a lodged return is common. [ATO]
- The ATO explains what to do if you cannot lodge or pay a BAS on time, and asks you to keep lodging even if you cannot pay. [ATO]
- Lenders must take reasonable steps to verify your income, so recent trading evidence matters. [ASIC]
Who this may suit
- Borrowers whose last lodged return still reflects their current income
- Businesses with BAS lodged on time and clean business bank statements
Who it may not suit
- Borrowers whose income has fallen since the last return: see the income-drop page first
- Anyone with overdue BAS or returns
Your options, including not borrowing
- Apply now with your last lodged returns plus recent BAS or accounts, if a lender accepts them.
- Wait until the latest return is lodged. Not applying yet is a valid choice.
- Consider a low-doc loan that relies on BAS, bank statements or an accountant declaration. Policies vary by lender.
Risks to weigh
- Lodging a return in a rush for a loan can lead to errors you must later correct.
- Applying with figures a lender will not accept adds a credit enquiry without a result. [Moneysmart (ASIC)]
Next steps
- 1Check your last lodged return, recent BAS and the last few months of business bank statements.
- 2Ask your tax agent when the latest return will be ready.
- 3Ask us which figures lenders will use before you apply.
Common follow-up questions
Sources
- Tax agent lodgment program: due dates for individuals and trusts (ATO, checked 8 November 2026)
- What if you can't lodge and pay your BAS on time (ATO, checked 8 November 2026)
- Responsible lending (ASIC, checked 8 November 2026)
- Credit scores and credit reports (Moneysmart (ASIC), checked 8 November 2026)
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General information about credit only. It is not tax, financial, superannuation or Centrelink advice and does not take your objectives, financial situation or needs into account. Lender policies change; any loan is subject to lender assessment and approval.
Tax help is a separate service provided by Local Knowledge Pty Ltd, Registered Tax Agent 77912009. Local Knowledge Finance does not give tax advice.
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